Types of Subsidiary Books - SS1 Accounting Past Questions and Answers - page 1
1
Which subsidiary book records all sales transactions made on credit?
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A
Sales book
B
Purchase book
C
Return inward journal
D
Cash book
2
What does the petty cash book record?
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A
All small cash payments made by the business
B
All cash transactions made by the business
C
All transactions made through the business's bank account
D
All goods returned by the business to its suppliers
3
Which subsidiary book records all transactions that do not belong in any of the other books?
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A
Sales book
B
Petty cash bookÂ
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C
Bank book
D
Journal proper
4
What does the return outward journal record?
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A
All sales transactions made on credit
B
All purchases made on credit
C
All goods returned to the business by customers
D
All goods returned by the business to its suppliers
5
What is the purpose of the purchase book?
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A
To record all sales transactions made on credit
B
To record all purchases made on credit
C
To record all cash transactions made by the business
D
To record all small cash payments made by the business
6
What is the difference between the return inward journal and the return outward journal?
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7
Why is the cash book an important subsidiary book?
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